Press "Enter" to skip to content

WBTC: A year in review


Quick Take

  • Wrapped Bitcoin (WBTC), an Ethereum-based token pegged to Bitcoin, has failed to see significant momentum over the past 12 months. 
  • WBTC’s lack of traction within money-market Compound may bode ill for alternative ‘Bitcoin-on-Ethereum’ implementations, which many believe will see adoption as a collateral type for the MakerDAO credit facility. 

This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.